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TABLE OF CONTENTS
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ANNUAL REPORT 2014–15
39
How We Fund Havergal
Havergal Expenditures and Capital Revenues
FOR THE YEAR ENDED JUNE 30, 2015
$
REVENUE SOURCES
86.2%
28,055,600
Tuition and one-time property upkeep payment
2.3%
759,450
Annual Giving and Endowment Fund income
5.5%
1,793,440
Interest and other revenues
4.4%
1,402,250
Gross revenues from Green & Gold Shop,
Extended Day Program, facilities rentals, food service sales, etc.
1.6%
521,930
Deferred capital contributions
100%
32,532,670
FOR THE YEAR ENDED JUNE 30, 2015
$
ANNUAL EXPENDITURES
59.95%
17,635,593
Teaching
5.8%
1,719,938
Household and boarding
10.3%
3,027,692
Building and property services
9.1%
2,686,984
General and administrative
4.6%
1,342,752
Advancement, Communications and Community Relations
2.4%
712,857
Student assistance program
2.0%
594,859
Auxiliary and retail operations
5.8%
1,696,919
Amortization of capital assets and reserves
100%
29,417,594